08:37 AM EDT, 04/11/2025 (MT Newswires) -- JPMorgan Chase & Co ( JPM ) reported $3.81 billion in Q1 revenue from its stock trading division, up 48% from a year earlier and up 87% compared with the previous quarter.

The bank recorded a provision for credit losses of $3.3 billion and a net reserve build of $973 million, including $549 million in wholesale and $441 million in consumer, citing "changes in the weighted-average macroeconomic outlook." The prior-year provision was $1.9 billion and the net reserve release was $72 million. Three Analysts surveyed by FactSet expected a reserve build of $85.7 million.

Commenting on the bank's financial results, chief executive officer Jamie Dimon said the "economy is facing considerable turbulence (including geopolitics), with the potential positives of tax reform and deregulation and the potential negatives of tariffs and 'trade wars,' ongoing sticky inflation, high fiscal deficits and still rather high asset prices and volatility."